Virtual data rooms are secure cloud storage solution used for due diligence, mergers and acquisitions (M&A), IPOs, legal proceedings and other complex business transactions. They provide top-of-the-line security to data and are the perfect solution for businesses who want to share sensitive information in a controlled and safe environment. The most effective data room software comes with advanced security features and can be used with various collaboration tools.
iDeals, a VDR provider, is able to fulfill its promise to make it easy and quick to set up and use an secure M&A data room. It offers a variety of features that make it stand out. These include advanced digital rights management, a robust search engine that is superior to traditional folder-based searches, as well as document tagging to help organize documents. It also offers a clear and user-friendly interface, and also offers mobile access and multi-project management, as well as visual analytics, and 24 hour support.
Another great option is Firmex an online deal room that helps streamline complex and risky processes such as due diligence for M&A, IPOs and other financial and corporate transactions. It is equipped with top-of-the line data encryption and security protocols as well as visual analytics. It supports multiple file formats and languages. It has a drag and drop bulk upload option, and allows several users to log in simultaneously.
SecureDocs is a different option that offers complete protection for files, and peace of mind for teams with its military-grade controls. They include granular permissions and access control advanced activity alerts, as well as two-factor authentication. They are also housed in AWS data centers that have a robust infrastructure. It also offers a simple user interface, a meaningful dashboard reporting, and optical character recognition (OCR).
